I do it all the time with CIMB clicks. Minimum contribution is RM50.

Also works through CIMB.

I think this is also partly to allow people to withdraw without heart attack.

Imagine if you withdraw in lump sum after declare divident 3 percent after you retire.

Then next year they declare dividend 7%, sure you feel like cursing.

Even partial withdrawal also you'll curse. And then you're not sure when you want to withdraw or how long to hold.

What is needed is better regulation or enforcement. Privatising it doesn't necessarily translates to "better".

The private agency could be more profit-driven, racking up higher risk to get more profit and higher bonuses for the executives.

Then when markets crash or the risks doesn't pay off, they call for government bailout since they hold so much money and such an important asset which is pension fund. The executives then run away with their profits and barely a slap on the wrist.

This is a scenario that is all to common when it comes to privatisation.

As they say, "Private profits, national losses".

Not sifu, but i've been self-contributing since 2009. That time I haven't even discovered this forum yet.